Oil and Gas in Latin America
[Pages:35]Oil and Gas in Latin America
South America Hydrocarbon
provinces
U. S. Geological Survey Open-File Report 97-470D
Map of Central
and South America
? Assessed provinces (red areas), province boundaries (red), and country boundaries (black).
U.S.Geological Survey World Energy Assessment Team (USGS), 2000
Mesoamerica and Caribbean Main Oil Provinces
Petroleum field location Province boundary line
Latin America Production of Crude Oil, Natural Gas Plant
Liquids, and Other Hydrocarbons, 2001
Country
2001
State oil Company
(Thousand Barrels per Day)
Mexico*
3,590 Pemex, monopoly
Venezuela* Brazil*
3,080 1,561
PdVSA nationalized 1976
Petrobras joint
Argentina*
829 YPF Privatized-sold
Colombia*
614 Ecopetrol monopoly
Ecuador* Trinidad&Tobago
421 PetroEcuador open 125
Peru
95
Cuba
50
Bolivia
44
Guatemala
21
Chile
14
Suriname
10
Barbados
1
Total Latin America
10,456
World Total
75,461
*We will discuss these
from
Mexico Oil and Gas Basins
? Majority in the Gulf of Mexico
Hydrocarbon Productive Regions, 2000 (% of total production)
Gulf of Mexico Basins
5301 Tampico-Misantla Basin 5302 Veracruz Basin 5304 Saline-Comalcalco Basin 5307 Campeche-Sigsbe Salt Basin 5308 Yucatan 5310 Sierra Madre de Chiapas-Peten
Golden Lane
Mexico, Oil Exports
? OIL
Mexico has the fourth largest proven crude oil reserves in the Western Hemisphere after Canada, Venezuela, and the United States at 12.6 billion barrels. During the first 10 months of 2002, Mexico produced about 3.6 million barrels per day (bbl/d) of oil. Mexico consumed approximately 1.9 million bbl/d of oil in 2002, resulting in net exports of roughly 1.7 million bbl/d.
? About 1.5 million bbl/d of these exports were bound for the United States, making Mexico the third largest foreign supplier of petroleum to the United States.
? Mexico ranks as the world's fourthlargest oil producer, behind the United States, Saudi Arabia, and Russia.
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